- Your niece or nephew's financial situation: If they have a lot of student debt or other expenses, a larger gift may be more helpful. If they are financially stable, a smaller gift may be appropriate.
- Your own financial situation: You should not give more money than you can comfortably afford. If you are struggling financially, a small gift or even a card or letter of congratulations may be more appropriate.
- Your relationship with your niece or nephew: If you are very close to your niece or nephew and want to show your support, a larger gift may be appropriate. If you are not as close to them, a smaller gift or a card or letter of congratulations may be more appropriate.
- The average gift amount for medical school graduation gifts is between $50 and $200. However, this amount can vary depending on the factors mentioned above.